- Anthony Scaramucci, founder of Skybridge Capital, says it is still “very early” for investing in Bitcoin.
- Bitcoin price rose to highs of $68,000 on Monday.
- Bitcoin Dogs is shaping up as top NFT and game on Bitcoin after launching the first ICO on the flagship blockchain.
As the crypto market eyes a fresh pop to above the $69,000, Skybridge Capital founder Anthony Scaramucci has said it’s still way early for BTC.
Investors increasingly confident in projects within an emerging ecosystem on Bitcoin have flocked to Bitcoin Dogs, a new NFT and gaming project currently dominating the presale market. The project has raised more than $7.3 million in under three weeks.
Scaramucci’s bullish outlook for BTC as price pops to $68k
Bitcoin has been on an upward trend for the past year, trading to highs of $68,000 on Monday as experts predict further gains.
Anthony Scaramucci, founder of Skybridge Capital, predicts that Bitcoin price is set to rocket further amid greater adoption. The upcoming Bitcoin halving, increased demand in the spot Bitcoin ETFs market and general macro outlook are some catalysts coming into play for the bellwether crypto.
On March 2, as Bitcoin hovered around the $61,000 level, Scaramucci shared on X that it is still early when it comes to buying Bitcoin. In his view, BTC is comparable to Warren Buffett’s Berkshire Hathaway, with the digital asset “a compounding wealth generating machine for investors.”
‘It was never “too late” to buy Berkshire stock. It is still very, very early for Bitcoin,” the entrepreneur noted.
Bitcoin’s explosive performance in February has analysts now forecasting a potential new all-time high before the halving. But more than that, it is that the long term picture is bullish for investors.
Bitcoin Dogs: Huge interest in first BRC-20 ICO on Bitcoin
In February 2024, crypto project Bitcoin Dogs launched its presale – the first initial coin offering on the Bitcoin blockchain.
The groundbreaking ICO is part of the new era of growth within the Bitcoin ecosystem as developers leverage the proof-of-work network’s security and decentralization to create new applications.
According to their whitepaper, Bitcoin Dogs is a gaming and NFT project that intends to bring crypto and man’s universal love for the dog together. The platform’s native token $0DOG is a BRC-20 token that will offer a utility functionality in an ecosystem where fun and yield go hand in hand.
With 10,000 unique ordinal NFTs, Bitcoin Dogs is poised to be one of the leading projects where monetization of game time and collecting of rare NFTs meet.
Both the NFT and crypto gaming industries are expected to rebound sharply following the bear market disruption, and Ordinal NFTs are already showing remarkable pull with projects like NodeMonkes.
Meanwhile, blockchain-based games are in the ascendancy once again as major players join the industry.
Is Bitcoin Dogs a good investment opportunity?
Among sectors set to see huge traction in coming years is DeFi, NFTs and gaming on Bitcoin’s secure network – and Bitcoin Dogs could have a first mover’s advantage as its pioneering ICO accelerates towards a close.
The Tamagotchi-inspired play-to-earn (P2E) environment provides for dog fun, with the Bitcoin Dogs Club Metaverse a key component to making every playful moment rewarding. The 10k Ordinals NFT Club is another opportunity where users can collect, parade and trade some of the coolest and rarest collectibles.
Also Bitcoin surges and the ecosystem on top of the network grows, there’s another opportunity that crops up – the potential for $0DOG to explode in value. This outlook aligns with the new era of developer activity on Bitcoin amid the expanding layer-2 and ordinals market.
Tying in with this is the resurgence in dog-themed projects, with meme coins breaking higher to reach $67 billion in market cap.
The $ODOG token will power the Bitcoin Dogs ecosystem, and rising demand amid adoption could aid its value long term. Given future predictions for Bitcoin and the nascent ecosystem on top of it, the current presale price $0.0312 may be a huge opportunity.
Check the Bitcoin Dogs website to find out more about this project.